A Montana judge has approved a $43 million settlement for people sickened by exposure to asbestos from a mine, with a large part of that amount to be paid by Warren Buffett’s Berkshire Hathaway, court documents show. The settlement resolves …
A civil settlement in the 2007 oil spill in San Francisco Bay with the owners and operators of the M/V Cosco Busan was announced on Monday. The settlement resolves all natural resource damages, penalties and response costs that resulted from …
Business property insurer FM Global said Vice Chairman Ruud Bosman will retire in November after 40 years with the company. Upon Bosman’s retirement, several planned leadership changes will take place at FM Global. Jonathan Hall and Thomas Lawson, both executive …
The Virginia Supreme Court has ruled in favor of an insurance company in a closely watched legal case involving global warming. The high court ruled that Steadfast Insurance Co., which provided commercial general liability (CGL) coverage for energy company AES …
An eastern Pennsylvania jury has awarded more than $23 million to a woman who lost portions of both legs to infection almost three years ago. Attorneys for the 55-year-old Lehighton woman argued that a home care nurse failed to report …
Kevin Cummings has been named executive vice president/producer and leader of Kansas City., Mo.-based Lockton’s Phoenix office, and Tom Hartley becomes managing director/producer. Both are newly created positions. Hartley has more than 30 years’ experience in risk management and commercial …
Congress is poised to pass yet another short-term extension of the federal flood insurance program, giving it more time to consider two competing bills reforming the debt-ridden program. The House could vote this Wednesday on a measure that would extend …
While data breaches at large companies continue to dominate the headlines, breaches involving smaller businesses are also on the rise. According to a 2011 report from Verizon Business of more than 760 data breaches analyzed in 2010, nearly two-thirds involved …
Appalachian Underwriters, Inc. (AUI) launches a new commercial lines online rater for independent auto dealers, www.xpressdealerpro.com. Xpress DealerPro is the latest installment of enhancements to be integrated into AUI’s Xpress rating platform. AUI’s B2B Xpress rating platform provides agents with …
Investigators determined that several spectators were killed on impact at an air race crash in Reno as a 1940s-model plane appeared to lose a piece of its tail before slamming like a missile into a crowded tarmac. The death toll …
